Natural gas ended higher, propelled by a U S. government report that showed a smaller-than-expected build in natural gas inventories. Natural gas inventories for the week ended May 7 stood at 2.089 trillion cubic feet--4.9% higher than last year and 18.4% above the five-year average. Natural Gas yesterday we have seen that market has moved 1.87%. Market has opened at 192.5 & made a low of 188.2 versus the day high of 199.2. The total volume for the day was at 31583 lots and the open interest was at 7344.Now support for the Natural Gas is seen at 190.1 and below could see a test of 183.7. Resistance is now likely to be seen at 201.1, a move above could see prices testing 205.7.

Trading Ideas:

Natural Gas trading range is 183.7-205.7.

Natural gas ended after report showed smaller than expected build in inventories

Now resistance is at 198.20 above this a rally till 200-202 can be seen.

Natural gas inventories for the week stood at 2.089 trillion cubic feet

WAIT FOR FRESH ENTRY IN NAT.GAS.